EUR/USD is Neutral to Bearish – 1.1075 is Essential

2 min read
tarantula fx

tarantula fx

Head of Trading

Dear Traders,

The EUR/USD is neutral and while is capped below 1.1075, bears still have the upper hand.

A rejection from 1.1070 zone with a double top, implies that the price in the EUR/USD is still bearish. Besides 1.1050-70 zone, the price is bearish while below 1.1027. I expect a bearish continuation towards 1.1007 and a possible retest of 1.0967. However if the price bounces above 1.1070 we might have a trend change from neutral to bullish and buying the dip could be an option for trend traders.

The analysis has been done with the CAMMACD.MTF template.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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